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Zynga Inc (ZNGA): Today's Featured Internet Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Zynga (
ZNGA) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day up 0.8%. By the end of trading, Zynga fell $0.49 (-14.0%) to $3.01 on heavy volume. Throughout the day, 80,106,799 shares of Zynga exchanged hands as compared to its average daily volume of 22,259,100 shares. The stock ranged in price between $2.85-$3.02 after having opened the day at $2.94 as compared to the previous trading day's close of $3.50. Other companies within the Internet industry that declined today were:
Innodata (
INOD), down 5.3%,
HomeAway (
AWAY), down 5.1%,
MeetMe (
MEET), down 4.0% and
ChinaNet Online Holdings (
CNET), down 3.4%.

Zynga Inc. develops, markets, and operates online social games as live services on the Internet, social networking sites, and mobile platforms in the United States and internationally. Zynga has a market cap of $2.0 billion and is part of the technology sector. Shares are up 39.0% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Zynga a buy, 3 analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates
Zynga as a
sell. The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow and generally disappointing historical performance in the stock itself.